Overview
- Bain Capital and Barings, which local press reports manage nearly $700 billion combined, said Thursday they opened offices inside Abu Dhabi Global Market, the emirate's financial center.
- Bain said the ADGM hub will help it raise capital from regional backers, expand portfolio companies in areas like aviation and healthcare, and assess future direct deals in the Middle East.
- Barings opened an Abu Dhabi site as its second base in the UAE after Dubai and plans to deepen ties with sovereign wealth funds, family offices, and other institutional clients across the Gulf.
- ADGM leaders point to a robust legal and regulatory framework, and recent data showed a 36% rise in assets under management with 347 licensed financial institutions now based there.
- Bain’s launch follows a partnership with the Abu Dhabi Investment Office under the FIDA cluster, which supports fintech, insurance, digital platforms, and alternative-asset growth in the region.